The influx of international investment in South Florida is a welcome change for sellers and brokers, now that high mortgage rates have pushed domestic buyers to the sidelines. And the numbers show that foreign investment is returning. Brokers are particularly seeing buyers from Brazil, Argentina, Colombia.
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Whether investors or owner-occupiers are more sensitive to rising rates is something being watched closely. The expectation is sellers aren\’t going to be able to sell their homes as quickly as they have, especially as they did last year, which will result in price cuts. Investors may, therefore, be holding off to take advantage of better deals down the line. CLICK ON THE HEADLINE FOR MORE
Housing prices in South Florida continued to climb last month, reaching levels not seen in almost 15 years. But rising interest rates, which hit 5.37% last week, so far don’t seem to have cooled the market. CLICK ON THE HEADLINE FOR MORE
